Office building with commercial space · Hudson Square, Manhattan

561 Greenwich Street

New York, NY 10014

561 Greenwich Street is a 16-floor office building with commercial space in Hudson Square, Manhattan, built in 2021, with about 205,000 square feet of office space according to city records.

Also at 551-559 Greenwich Street.

Office space
205K SF
Floors
16
Year built
2021
Zoning
M1-6

Office space next to its nearest neighbors

  1. 375 Hudson Street1 min walk985K SF
  2. 341 Hudson Street1 min walk751K SF
  3. 561 Greenwich StreetThis building205K SF

The 19th largest of the 32 office buildings we track in Hudson Square. Compare it with 6 neighbors

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Compared with its neighbors

How 561 Greenwich Street compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 561 Greenwich Street ranks 5th of 7 by office floor area. Built in 2021, it is the newest of them. Its estimated property tax, about $18.93 a square foot of floor area before abatements, is close to the neighbors' median of $18.26.

561 Greenwich Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
561 Greenwich StreetThis building205K SF162021$18.93
341 Hudson Street1 min walk751K SF171931$18.44
375 Hudson Street1 min walk985K SF181987$17.77
333 Hudson Street1 min walk100K SF101925$8.57
323 Hudson Street1 min walk117K SF101967$22.17
532 Washington Street2 min walk1.0M SF121933$33.07
350 Hudson Street2 min walk231K SF91930$18.08
The 19th largest of the 32 office buildings we track in Hudson Square: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other address
551-559 Greenwich Street
ZIP code
10014
Building type
Office building with commercial space (city class O6)
Total floor area
208,058 SF
Commercial floor area
208,058 SF
Office
204,778 SF
Retail
3,280 SF
Height
16 floors
Average floor
About 13,000 SF (floor area divided by floors)
Year built
2021
Lot area
20,045 SF
Zoning district
M1-6
Built FAR
10.38
Max commercial FAR
10
Tax lot (BBL)
1005980042

Nearest subway

  • Houston St3 min walk · Not accessible
  • Spring St5 min walk · Partly accessible
  • Canal St7 min walk · Not accessible

Nearby large buildings

All 18 large office buildings on Greenwich Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 2 storefronts at 561 Greenwich Street for December 31, 2024, the newest annual filing the city has published, and 1 of them stood vacant that day.

Storefronts registered for December 31, 2024
2
Vacant that day
1
Share vacant across Hudson Square
20.5%
Share vacant along Greenwich Street
7.0%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 2019None registered
  • 2020None registered
  • 2021None registered
  • 2022None registered
  • 20232 of 2
  • 20241 of 2

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 561 Greenwich Street? Listing it is free, and it is matched against every active requirement for retail space in Hudson Square the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-03. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists REMAINDERMAN 561 GREENWICH LLC as the owner of record. For tax year 2026/27 the city values 561 Greenwich Street at $80.7 million and assesses it at $36.3 million. After phase-ins and exemptions its taxable value is $36.3 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $3.94 million a year before abatements, roughly $18.93 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
REMAINDERMAN 561 GREENWICH LLC
Tax class
Class 4 (commercial and industrial)
City market value
$80,664,000
Land market value
$3,182,000
Assessed value
$36,298,800
Estimated yearly tax
About $3.94 million
Tax per SF of floor area
About $18.93

City market value by tax year

  • 2022/23$3.18 million
  • 2023/24$3.18 million
  • 2024/25$83.3 million
  • 2025/26$80.5 million
  • 2026/27$80.7 million

Market value rose 2435% from 2022/23 ($3.18 million) to 2026/27.

How Hudson Square compares: property tax per SF across NYC neighborhoods

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-03; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

561 Greenwich Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 16.2 kBtu per square foot, less than half the national median of 41.6 for a similar property. Its greenhouse gas emissions were about 496 metric tons of CO2e (1.86 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
16.2 kBtu/SF
National median for the type
41.6 kBtu/SF
Greenhouse gas emissions
496 t CO2e
Emissions per SF
1.86 kg CO2e
Floor area in the filing
266,468 SF

Energy sources in 2024

  • Electricity100%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 561 Greenwich Street. In the last two years, interior work was permitted on 9 floors (floors 1, 3, 5, 7, 9, 11, 12, 14 and 15 and the cellar). The newest build-out, on floors 3, 5, 7, 9, 11 and 12 and the cellar, was first permitted in July 2026 (mechanical; filed cost estimate $1,000).

New jobs, last 12 months
5
Initial permits, last 12 months
8
Newest job first permitted
July 2026
Interior build-outs, last 24 months
5
Floors with interior work, last 24 months
1, 3, 5, 7, 9, 11, 12, 14 and 15, cellar
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floors 3, 5, 7, 9, 11 and 12, cellarJuly 2026Mechanical; est. $1,000; signed off
  • CellarApril 2026Mechanical; est. $40,000
  • Floor 1, cellarApril 2026Construction, Plumbing, Sprinklers, Structural; 3 jobs; est. $170,000
  • Floors 11 and 12July 2025Construction, Mechanical, Plumbing, Sprinklers; 3 jobs; est. $3.8 million
  • Floors 14 and 15March 2025Sprinklers; est. $45,000; signed off

New jobs by year

  • 20218
  • 20228
  • 202312
  • 20246
  • 20254
  • 2026 to date5

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about 561 Greenwich Street

How big is 561 Greenwich Street?

561 Greenwich Street has about 208,000 square feet of floor area in total, including 205,000 square feet of office and 3,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 561 Greenwich Street built?

City records list 2021 as the year built. The building is 16 floors tall.

What other addresses does 561 Greenwich Street have?

City records list 551-559 Greenwich Street on the same tax lot (BBL 1005980042) as 561 Greenwich Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 561 Greenwich Street?

561 Greenwich Street is in ZIP code 10014, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 561 Greenwich Street, New York, NY 10014, in Hudson Square.

What is the zoning at 561 Greenwich Street?

The lot is in the M1-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.38 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 561 Greenwich Street?

The closest subway station to 561 Greenwich Street is Houston St (the 1 train), about 900 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Spring St (the C and E trains), 5 min walk; Canal St (the 1 train), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 561 Greenwich Street?

The NYC Department of Finance's 2026/27 assessment roll lists REMAINDERMAN 561 GREENWICH LLC as the owner of record of 561 Greenwich Street (BBL 1005980042). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Does 561 Greenwich Street have an energy grade?

561 Greenwich Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 16.2 kBtu per square foot, less than half the national median of 41.6 for a similar property. Its greenhouse gas emissions were about 496 metric tons of CO2e (1.86 kg per square foot).

Is there construction at 561 Greenwich Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 561 Greenwich Street. In the last two years, interior work was permitted on 9 floors (floors 1, 3, 5, 7, 9, 11, 12, 14 and 15 and the cellar). The newest build-out, on floors 3, 5, 7, 9, 11 and 12 and the cellar, was first permitted in July 2026 (mechanical; filed cost estimate $1,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1005980042. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 561 Greenwich Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $36.3 million for 561 Greenwich Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.94 million a year, roughly $18.93 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1005980042 show the actual bill.

What is the assessed value of 561 Greenwich Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 561 Greenwich Street at $80.7 million ($3.18 million of it land) and its assessed value at $36.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 2435% from 2022/23 ($3.18 million) to 2026/27.

Are there vacant storefronts at 561 Greenwich Street?

Owners registered 2 storefronts at 561 Greenwich Street for December 31, 2024, the newest annual filing the city has published, and 1 of them stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 561 Greenwich Street?

No space at 561 Greenwich Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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